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Jeffrey R. Brown

Dean and Josef and Margot Lakonishok Professor of Business


Educational Background

Ph.D., Economics, Massachusetts Institute of Technology, 1999
M.P.P., Public Policy, Harvard University, 1995
B.A., Economics and Political Science, Miami University, 1990

Positions Held

Director, NBER Retirement Research Center, 2016 to present
Dean, College of Business, University of Illinois at Urbana-Champaign, 2015 to present
Josef and Margot Lakonishok Endowed Professor, University of Illinois at Urbana-Champaign, 2015 to present
Professor (courtesy appointment), University of Illinois Institute of Government and Policy Affairs, 2011 to present
Research Fellow, Netspar (Network for Studies on Pensions, Aging and Retirement), Netherlands, 2008 to present
Professor of Economics (courtesy appointment), University of Illinois Department of Economics, 2008 to present
Fellow, TIAA CREF Research Institute, 2007 to present
Research Associate, Public Economics Program, National Bureau of Economic Research, 2005 to present
Research Associate, Economics of Aging Program, National Bureau of Economic Research, 2005 to present
Associate Director, NBER Retirement Research Center, 2003-2016
Editor, Tax Policy and the Economy, National Bureau of Economic Research, 2008-2015
William G. Karnes Professor of Finance, University of Illinois, 2007-2015
Director of Center for Business & Public Policy, University of Illinois, 2007-2015
Member, Board of Directors, American Risk and Insurance Association, 2010-2013
Faculty Affiliate, University of Illinois Institute for Government and Policy Affairs (IGPA), 2007-2011
Founding Member, Institutional Retirement Income Research Council, 2008-2009
Member of Advisory Committee, Academy on Capitalism and Limited Government, 2007-2009
Julian Simon Faculty Fellow, University of Illinois, 2005-2007
Professor of Law (courtesy appointment), University of Illinois College of Law, 2010-2016
Sandell Grant Selection Committee, Retirement Research Consortium, 2009-2012
Member of Annual Meeting Program Committee, American Risk and Insurance Association (ARIA), 2001-2002, 2011
Public Trustee Nominee, U.S. Social Security and Medicare Trust Funds, Nominated by President Bush, February 2008, Nomination Expired Unconfirmed December 2008, 2008
Member, Social Security Advisory Board; Recess Appointment by President Bush, October, 2006. Confirmed by U.S. Senate, December 2006., 2006-2008
Dissertation Fellowship Committee Member, Retirement Research Consortium, 2006-2008
Associate Professor, University of Illinois, 2005-2007
Faculty Fellow, China Center for Social Security and Insurance Research (Beijing Univ.), 2003-2007
Member of Search Committee for new Editor of the Journal of Risk and Insurance, American Risk and Insurance Association (ARIA), 2006
Assistant Professor of Finance, University of Illinois, 2002-2005
Faculty Research Fellow, Public Economics Program, National Bureau of Economic Research, 1999-2005
Faculty Research Fellow, Economics of Aging Program, National Bureau of Economic Research, 1999-2005
Member of Selecction Committee for Kulp-Wright Book Award, American Risk and Insurance Association (ARIA), 2004
Research Associate, BC Center for Retirement Research, 2000-2003
Senior Economist, White House Council of Economic Advisers, 2001-2002
Assistant Professor of Public Policy, Harvard University, John F. Kennedy School of Government, 1999-2002
Economist, President's Commission to Strengthen Social Security, 2001
Member of Officer Nominating Committee, American Risk and Insurance Association (ARIA), 2001
Faculty Research Fellow, Harvard Center for Business and Government, 2000-2001
Brand Manager, Health Care Division, The Procter & Gamble Company, 1993

Recent Publications

Brown, J., Kapteyn, A., Luttmer, E., Mitchell, O. 2017. Cognitive Constraints on Valuing Annuities.. Journal of the European Economic Association, 15: 429-462

Brown, J., Poterba, J., David, R. 2017. Do Required Minimum Distributions Matter? The Effect of the 2009 Holiday on Retirement Plan Distributions. Journal of Public Economics, 151: 96-109

Brown, J., Xu, Y., Roberts, B., Briley, D. 2017. Genetic and Environmental Influences on Household Financial Distress. Journal of Economic Behavior and Organization

Pennacchi, G. , Brown, J. 2016. Discounting Pension Liabilities: Funding versus Value. Journal of Pension Economics and Finance, 15: 254-284

Brown, J., Farrell, A., Weisbenner, S. 2016. Decision-Making Approaches and the Propensity to Default: Evidence and Implications. Journal of Financial Economics, 121: 477-495

Brown, J., Goda, G., McGarry, K. 2016. Heterogeneity of State Dependent Utility: Evidence from Strategic Surveys.. Economic Inquiry, 52: 847-861

Brown, J., Kapteyn, A., Mitchell, O. 2016. Framing and Claiming: How Information-Framing Affects Expected Social Security Claiming Behavior.. Journal of Risk and Insurance, 83: 139-162

Honors and Awards

Health and Aging Fellow, NBER & National Institute on Aging, 1997-1998

Service Activities

Associate Editor, Journal of Risk and Insurance, 2013-present
Associate Editor, Journal of Risk and Insurance, 2013-present
Associate Editor, Journal of Risk and Insurance, 2013-present
Economics Department Advisory Board, Miami University, 2012-2015
Economics Department Advisory Board, Miami University, 2012-2015

Teaching and Research Interests

Financial economics, public policy, employee benefits

Primary research focus is on the interaction of public and private insurance markets with a specific emphasis on retirement security, including annuities, life insurance, long-term care insurance, pensions and Social Security. Additional research interests include stock market participation, dividend taxation, and the effect of inheritances on labor supply.